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481 Peavey Lane, 
Wayzata, MN 55391

$1,500,000


2

Beds


2

Baths


1,583

Sq Ft


Single Family

Active

Listed by

Fritz

Hale Properties, Inc

612-567-9530

Last updated:

August 1, 2025, 03:51 PM

MLS#

6752865

Source:

NSMLS

About This Home

481 Peavey Lane

Private 2.5 Acre Setting in Wayzata: Remodel or Rebuild Opportunity Tucked at the end of a quiet cul-de-sac, this 2.5-acre property offers a rare combination of privacy, space, and potential minutes from downtown Wayzata. The existing all-brick walkout rambler has been well maintained by the current owner and offers a smart layout with main level primary bedroom, and generous room sizes throughout. The lower level is a walkout with high ceilings, ready to be finished to suit your needs. The oversized 3-car garage is extra deep, heated, and fully equipped with water, drains, and a built-in air compressor system. The lot is wide and deep, with mature trees and a stream running through the back of the property. Whether you’re considering a remodel, an expansion, or a full rebuild, the site offers flexibility and long-term upside. Blueprints are available.

Home Facts

Single Family

2 Baths

2 Bedrooms

Built in 1981

Price Summary

1,500,000

$947 per Sq. Ft.

MLS #:

6752865

Last Updated:

August 1, 2025, 03:51 PM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

1

Interior

Living Area:

1,583 Sq. Ft.


Structure

Structure

Building Area:

3,166 Sq. Ft.

Year Built:

1981


Lot

Lot Size (Sq. Ft):

112,820


Finances & Disclosures

Finances

Price:

$1,500,000

Price per Sq. Ft:

$947 per Sq. Ft.

Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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481 Peavey Lane
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